Welcome to the Dee Randall Bankruptcy Estate Website
On December 20, 2010, Dee Randall commenced this Bankruptcy Case by filing a voluntary petition for relief under Chapter 11 of title 11 of the United States Code with the United States Bankruptcy Court for the District of Utah. Gil A. Miller was appointed as Trustee by the Bankruptcy Court as the Chapter 11 Trustee in the Randall case on September 29, 2011. On October 12, 2011, the Trustee, in his capacity as the Chapter 11 trustee in the Randall Case, caused the following bankruptcy petitions to be filed by the following entities owned by Randall under Chapter 11 of Title 11 of the United States Code: (A) In re Horizon Auto Funding, LLC, Case No. 11-34826; (B) In re Independent Commercial Lending, LLC, Case No. 11-34830; (C) In re Horizon Financial Center I, LLC, Case No. 11-34831; (D) In re Horizon Mortgage and Investment Inc., Case No. 11-34833; and (E) In re Horizon Financial & Insurance Group Inc., Case No. 11-34834. On January 27, 2012, the Bankruptcy Court entered its order substantively consolidating the separate bankruptcy estates of Randall and each of the Corporate Debtors, with all cases being consolidated with and into the Randall bankruptcy case, but effective only as of the date of the Bankruptcy Court’s consolidation order.
When appointed, the Trustee continued the operations of the Debtors’ real property through collecting rents, paying expenses and maintaining the properties, while marketing the properties. All real property has now been sold and the Trustee is pursuing various recovery actions to provide some return to unsecured creditors/investors. On October 28, 2013, the Bankruptcy Court confirmed the Trustee’s Liquidating Plan of Reorganization Dated September 9, 2013. The Effective Date of the Trustee’s Plan will be November 27, 2013. Under the Plan, the Trustee will continue to pursue any recovery actions that he has previously filed or may file in the future, and he will complete the liquidation of the Debtors’ assets. The Trustee has requested that the Internal Revenue Service subordinate its Priority Tax Claim in excess of $900,000 and its Unsecured General Claim in excess of $200,000 to the distributions to be made under the Plan to the Class 17 Victims. After the Internal Revenue Service has made its decision whether or not to subordinate, the Trustee anticipates that he will shortly thereafter make an interim distribution to the Class 17 Victims consistent with the Rising Tide Distribution Method outlined in the Plan. The Private Actions Trust described in the Trustee’s Plan will also come into effect on the Effective Date (see the Recent Events page for more information on the Private Actions Trust).